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Showing 20 of 92 results by Bronstad
I have no intent to mislead anyone. I will continue to be honest about the situation and present things as they are and not how I would like them to appear. With the rise in BTC, lenders who have been paid back thus far have received nearly 10x the amount lended in USD, which the lended funds were converted to upon receipt. As the largest lender, I would much rather see everyone accept less in BTC across the board so that we can all realize USD gains quickly as opposed to having to wait possibly years and deal with uncertainty. I would think that most lenders would agree, but I have no intention of forcing people to accept less than the BTC amount lended, even if continuing to wait is not in anyone's best interests.
Thanks for clarifying. As a fan, I want to see NastyMining succeed for many years to come. My concern was with the continued hashrate improvement, as bigger weekly donations are my ultimate, albeit greedy, goals. I too hope no more loans are needed. I worry that another poll will need to be made to re-increase the amount pointed at debt repayment if it starts to take too long. But also want to see the hash rate continue to increase as time goes on.
The only thing that rubs me the wrong way with your explanations is bringing in the USD conversion rate. What the conversion is now, compared to when the loan was made should have no bearing on anything. As I doubt you would double the amount of BTC returned to them if the conversion rate was to drop to $50/BTC. But as you mentioned you have no intention of forcing people to accept less BTC then lent, so I hope the lenders are still feeling okay with their involvement.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Can anyone make a case that the price will not be at least twice this level within 90 days after COIN lists?
If not, let's assume it is so. If there is a 50% chance of listing by November 8th, and the best estimator of the February 8th price without COIN is the current price, then the expected gain by 8 Feb is 50%.
That's roughly 100% annually. It is a very very low estimate of the expectation of holding. It may underestimate holding time however.
If you know anyone who can do without some non-zero amount of cash today, with the expectation of a 50% gain by 8 Feb, you should inform them, or you are no friend.
In other words, I'm done accumulating BTC for a while. (Still working on XMR though.)
If not, let's assume it is so. If there is a 50% chance of listing by November 8th, and the best estimator of the February 8th price without COIN is the current price, then the expected gain by 8 Feb is 50%.
That's roughly 100% annually. It is a very very low estimate of the expectation of holding. It may underestimate holding time however.
If you know anyone who can do without some non-zero amount of cash today, with the expectation of a 50% gain by 8 Feb, you should inform them, or you are no friend.
In other words, I'm done accumulating BTC for a while. (Still working on XMR though.)
I think my brain might be a bit fuzzy today. But why does your last sentence read like you spent the previous sentences explaining why you think the price is going down? If you think the price is going up, why be done accumulating?
2. Here are some recent comments I made on the debt situation:
3. Servicing the debt is easy, as mentioned above. This debt will never crush the organization or bring it to a standstill. However, without some concessions by the debt holders, this debt will take an extremely long time to repay. In order to turn this into a positive thing, I have discussed with nonnakip, a plan to allow for a debt market. This will allow debt to be traded back and forth, which will enable original debt holders to sell and receive BTC as well as allowing others to purchase debt, perhaps at a discount, to be made whole later.
I would also like to add that I am the largest single debt holder, and I would be open to reducing the BTC amount owed if an agreement could be reached with all debt holders across the board.
The fact is that our debt has increased far faster than I had imagined at the time. However, I structured our debt so that this would never be a killer of the operation. In the loan it says that 25% of our mined income will go to debt.... The debt we hold is the best debt you can have in the world. It is 0% debt with no timely required payments. Basically, if we wanted, we could take 100 years to pay back this debt and it would be perfectly within our agreement. That being said, I am the last lender to be repaid and do have a personal interest in this debt being repaid while I am still alive.
3. Servicing the debt is easy, as mentioned above. This debt will never crush the organization or bring it to a standstill. However, without some concessions by the debt holders, this debt will take an extremely long time to repay. In order to turn this into a positive thing, I have discussed with nonnakip, a plan to allow for a debt market. This will allow debt to be traded back and forth, which will enable original debt holders to sell and receive BTC as well as allowing others to purchase debt, perhaps at a discount, to be made whole later.
I would also like to add that I am the largest single debt holder, and I would be open to reducing the BTC amount owed if an agreement could be reached with all debt holders across the board.
Do you plan on taking out more loans in the future? Saying you can take 100 years to pay back, or saying you will have to ask the debt holders to "make some concessions" seems kind of counterproductive. If NastyMining will need to purchase the next gen miners you would think these kinds of statements (however true) will sour some on the idea.
I suppose more information on this debt market would be interesting to read. But in the end if the person who loaned NastyMining 20 BTC doesn't get back their initial investment of 20 BTC, I can't imagine future loans will be so easy to receive.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
My bear-masked estimates are
LET'S GIVE PROBABILITIES TO THE FOLLOWING EVENTS
a) In 2014, price will visit below 100 = 40%
b) In 2014, price will visit below 200 = 60%
c) In 2014, price will visit below 300 = 70%
d) In 2014, price will visit below 400 = 80%
e) In 2014, price will visit above 500 = 30%
f) In 2014, price will visit above 750 = 5%
g) In 2014, price will visit above 1000 = 1%
h) In 2014, price will visit above 1250 = 0% (for practical purposes)
/LET'S GIVE PROBABILITIES TO THE FOLLOWING EVENTS
LET'S GIVE PROBABILITIES TO THE FOLLOWING EVENTS
a) In 2014, price will visit below 100 = 40%
b) In 2014, price will visit below 200 = 60%
c) In 2014, price will visit below 300 = 70%
d) In 2014, price will visit below 400 = 80%
e) In 2014, price will visit above 500 = 30%
f) In 2014, price will visit above 750 = 5%
g) In 2014, price will visit above 1000 = 1%
h) In 2014, price will visit above 1250 = 0% (for practical purposes)
/LET'S GIVE PROBABILITIES TO THE FOLLOWING EVENTS
Is there more than one Jorge??
And I refused to bet on those probabilities at the time, too.
BTC was $457 that day. Just imagine Jorge how much money you would have made if you bought then! Its still not too late, there are plenty of tickets available for the BTC ride of a lifetime!!
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
More lows to come i'm afraid.
Shorty be shortin'
You ain't fooling anyone!
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Sorry to break the party, but there is too much optimism/bulls in here.. 
I don't know what thread you're reading, but this place is still bear central.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
mr. pumpkinhead,
Your attention seeking troll account has run its course. No one is laughing anymore, and to put it bluntly, your act is tired.
Please kindly and gently sod off into the night.
Your attention seeking troll account has run its course. No one is laughing anymore, and to put it bluntly, your act is tired.
Please kindly and gently sod off into the night.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I´m feelin a bit bullish lately, anyone else? Shorts closed, BTC bought, tempted to hit leverage long if we should break 590-600$ 
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Yes. Because the sheep need something to panic about. If it wasn't this auction they'd find something else.
It's a minor event but it completely controls the price at the
Moment. Traders are idiots.
Probably on the day of the auction the idiots will start selling because people might start selling. The news has to be really damn good for the price to go up.
Anything not extremely bullish and the traders will totally completely fucking panic and sell.
When we recover a week later they'll find the next event to panic about.
It's a minor event but it completely controls the price at the
Moment. Traders are idiots.
Probably on the day of the auction the idiots will start selling because people might start selling. The news has to be really damn good for the price to go up.
Anything not extremely bullish and the traders will totally completely fucking panic and sell.
When we recover a week later they'll find the next event to panic about.
More and more I get the impression, that you are a bot. A posting-bot! An algorithm loaded with a few constants like sheep, panic, ignore, traders, idiots...
...fullfilling these constants with random words to sentences.
Maybe someone could find a shutdown sequence for this amok running algorithm?
ShroomsKit speaks the truth. NO DISASSEMBLE SHROOMSKIT FIVE!
P.S. I'm buying too.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
... pile of crap ...
Love that you added that ghash.io link to your signature...master troll stroke.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I would pay a good amount of BTC for fonzie and his troll friends heads on stakes. This thread would be so much better without their stupidity and ignorance. Hell, the world would probably be a better place if they are that stupid in real life.
Yup (my last post was sarcastic).I don't understand how we can have a small correction and then everyone is back to claiming we are in a bear market
The trolls feed on the fears of bulls. Stay strong.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Seriously? W00t. Then my order passed. Hello 20 BTC
If you were kidding, then I have no comment. Pure evil
If you were kidding, then I have no comment. Pure evil
w00t nothing. My order also triggered but I sold em back cos we are going further down.
If you want to get excited about getting 20 BTC at $620, when we are currently hovering around at $625 on a very thin order book with all the pressure coming from above then that is up to you.
I'm sure he appreciates your permission for him to be happy.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
The poll was too bullish again.
The week's not over yet
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
What a piece of work is a man, how noble in reason,
how infinite in faculties, in form and moving,
how express and admirable in action, how like an angel in apprehension,
how like a god!
how infinite in faculties, in form and moving,
how express and admirable in action, how like an angel in apprehension,
how like a god!